The Federal Election Commission on Thursday approved the use of the alternative currency Bitcoin for political contributions with limits of $100 per donor per election cycle. The 6-member panel voted unanimously to allow the contributions, a move that could open the floodgates for donors to make political contributions with the digital currency in the upcoming … Continue reading »
Category Archives: Virtual Currency
Making Bitcoin Anonymous by Default
Tim Hornyak of IDG News has an update from the world of Bitcoin and efforts to avoid regulation. ‘Dark Wallet’ wants to make Bitcoin even harder to trace Posted May 1, 2014 A group of coders has launched a Bitcoin wallet that will make it more difficult to trace transactions using the digital currency. Dark … Continue reading »
Mt. Gox finds cash in the laundry
It seems that Mt. Gox, the bitcoin exchange site that recently declared bankruptcy, might be able to recoup some of those costs. After research its bitcoin wallet from 2011 and more recent, Mt. Gox has found 200,000 bitcoins in an old-format wallet. Worth about $114 million, this is only about 24% of the bitcoins that … Continue reading »
Bitcoin ATMs to Soon Open in Seattle & Austin
According to Reuters, bitcoin ATMs will soon open in two major U.S. cities. The ATMs will allow users to swap bitcoins for cash and make deposits for more bitcoins. A government issued ID will be necessary for withdraws. These will be the first bitcoin ATMs in the US. In North America, the first was installed … Continue reading »
A Bit on Bitcoins by Chris Puder
The ACFCS International Financial Crimes Conference and Exhibition this past week focused on an array of issues related to Bitcoins and other digital currencies that are presenting serious challenges for financial crime enforcers. As ACFCS notes on its website, digital currencies have plenty of legitimate uses. However, there are a number of features that make … Continue reading »
